Latitude Solutions, Inc. Signs Agreement With Jabil to Manufacture Latitude's Water Treatment Systems
BOCA RATON, Fla., May 24, 2011 /PRNewswire/ -- Latitude Solutions, Inc. ("LSI" or the "Company"), trading symbol LATI.PK or LATI.QB, announced today that they have entered into an exclusive agreement wherein Jabil, trading symbolNYSE: JBL, a multibillion dollar global manufacturing services provider, will manufacture LSI's Proprietary Electro Precipitation™, Integrated Water System™ technology. These technologies provide solutions for contaminated water, particularly in the oil/gas, mining and maritime industries.
Latitude Solutions, Inc.'s, CEO, Harvey Kaye, stated, "The manufacturing capabilities and resources provided by Jabil allow us to focus on the marketing and servicing of our technologies. These capabilities enable us to provide large scale water treatment facilities for both mobile and fixed location deployment."
Brian Althaver, Vice President of Strategic Development of Jabil, stated, "Jabil's ability to scale production in response to the strong market demand for this technology allows for the rapid deployment of LSI's water remediation systems. We are excited to play a key role in the development and manufacture of these systems for critical water treatment applications."
About Latitude Solutions, Inc.
Latitude Solutions, Inc. is a holding company whose proprietary technologies and operations reside in four subsidiaries. Latitude Clean Technology Group, Inc. provides products, processes and solutions for contaminated water applications. Latitude Energy Services, LLC provides marketing, operation and service of the Company's clean water technologies to the oil and gas industry. Trinity Solutions, Inc's principal area of focus is the marketing and implementation of LSI's propriety Electro Precipitation™, Integrated Water Systems™ technologies for the maritime industry. GPS Latitude is the Company's technology/software/hardware group, which provides unique wireless telemetry/live video streaming security products to mobile assets and people. LSI has offices in Boca Raton, Florida; Denver, Colorado; Brightwaters, New York; Montreal, Quebec, Canada; Alberta, Canada and Riyadh, Saudi Arabia. The Company's products and solutions can be viewed on www.lsiworldwide.com.
About Jabil Circuits, Inc
Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. With fiscal 2010 revenues of $13.4 billion, Jabil's scale helps bring electronics products to the market faster and more cost effectively by providing complete product supply chain management around the world. With more than 100,000 employees and facilities in 22 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". Further information is available on the company website: http://www.jabil.com.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Latitude Solutions, Inc.
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